July 2010 
There are 1 blog entries for July 2010.
Understanding The Difference Between Mortgage Pre-Qualification and Pre-Approval
Saturday, July 31st, 2010 at 12:53pm. 497 Views, 1 Comments.
Oftentimes you may see the terms pre-qualification and pre-approval thrown around seemingly interchangeably. Understanding the difference between the two, however, is very important in the mortgage process.
Pre-qualification is generally faster than the pre-approval process, but by no means is it a replacement for pre-approval. In the pre-qualification process, you give the bank or lender your financial information; this includes your income, debt, and assets. After the bank or lender reviews this information, they are able to give you an estimate of a mortgage that you should be able to qualify for. This is only an estimate, it is subject to change, and it will get you nowhere in today's market, as it holds no guarantee. Its only real use, is to give you…
Listing information last updated on February 7th, 2012 at 9:55am.
- Featured Properties
- Water And Conservation View Townhome At Emerald Island... 3 Bed, 3.00 Bath, Townhouse
in Kissimmee for $135,000Five Star Vacation Home In Windsor Hills Resort, The... 5 Bed, 5.00 Bath, Single Family Home
in Kissimmee for $359,000This Beautiful 3 Bedroom Windsor Palms Town Home Features... 3 Bed, 3.00 Bath, Townhouse
in Kissimmee for $155,000Beautiful End Unit Condo At Reunion Grande Is Now Available.... 2 Bed, 2.00 Bath, Condo
in Reunion for $395,000Emaculate Condition Looks Like New With Future Bookings... 3 Bed, 3.00 Bath, Townhouse
in Kissimmee for $183,999Outstanding Opportunity At A Great Price In Emerald... 3 Bed, 3.00 Bath, Townhouse
in Kissimmee for $109,500Not A Short Sale Or Bank Owned, Regular Sale In Excellent... 3 Bed, 3.00 Bath, Single Family Home
in Reunion for $279,000
